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The market for drones is perfectly competitive. Assume for simplicity that fractions of everything, including firms, is
Posted: Sun Jun 05, 2022 4:06 pm
by answerhappygod
- The Market For Drones Is Perfectly Competitive Assume For Simplicity That Fractions Of Everything Including Firms Is 1 (19.77 KiB) Viewed 41 times
The market for drones is perfectly competitive. Assume for simplicity that fractions of everything, including firms, is possible. We have identical firms, each with a Total Cost curve of TC=296+83q+q^2 and Marginal Cost curve MC=83+2q. Market demand is Q-729-2P. What is the Average Variable Cost if the firm produces 24 units?